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OTHER LIABILITIES | 12 Months Ended
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Mar. 31, 2025
Other Liabilities Disclosure [Abstract] |
OTHER LIABILITIES | OTHER LIABILITIES As of March 31, 2025 and 2024, other liabilities of the Company included the following:
| March 31, 2025 |  | March 31, 2024
Financial liability measured at fair value | $ | 32,087 |  |  | $ | 3,143 |
Loans received | 24,860 |  |  | 9,469 |
Salaries and other employee benefits | 17,326 |  |  | 15,660 |
Vacation reserve | 11,698 |  |  | 9,121 |
Payable to suppliers | 9,815 |  |  | 9,391 |
Taxes payable other than income tax | 6,338 |  |  | 3,852 |
Deferred income tax liabilities | 62 |  |  | 66 |
Other advances received | 3,683 |  |  | 3,867 |
Payable for acquisition | 2,672 |  |  | — |
Deferred distribution payments | 156 |  |  | 156 |
Outstanding settlements operations | — |  |  | 3,455 |
Other | 21,040 |  |  | 23,380 |
Total other liabilities | $ | 129,737 |  |  | $ | 81,560 |
As of March 31, 2025, the Company had over-the-counter financial liabilities which included the structured derivative contracts in the amount of $32 million entered into by our wholly-owned subsidiary FSP. Structured products are compound financial instruments that combine a base instrument such as a bond, index, deposit, equity and an embedded derivative that provides economic exposure to the relevant assets. The Company classifies these balances as Level 2 of fair-value hierarchy, where fair value is determined with an option-pricing model that uses observable equity volatility and forward curves. As of March 31, 2025, the Company had loans received, including a loan from JSC "Development Bank of Kazakhstan" for the total amount of $13,815 denominated in KZT, bearing a fixed annual interest rate of 10.0% for the term until April 30, 2027, and 15.71% thereafter, with a maturity date of June 21, 2031. The purpose of this loan is to finance the development of the Company's telecommunications business, specifically, the expansion of a broadband internet access in rural areas. As of the reporting date, the Company was in compliance with all financial covenants provided for under this loan. The Company also had a loan from JSC "Agrarian Credit Corporation" for the total amount of $10,903 denominated in KZT, with an annual interest rate of 1.50% and a maturity date of March 1, 2026. The purpose of this loan is its further lending by Freedom Bank KZ to entities operating in the Kazakhstan agro-industrial sector and agricultural production cooperatives. The loan does not impose on us any financial covenants.

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